Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) Short Interest Up 418.2% in January

Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) was the target of a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 5,700 shares, a growth of 418.2% from the January 15th total of 1,100 shares. Based on an average trading volume of 10,700 shares, the days-to-cover ratio is currently 0.5 days.

Hedge Funds Weigh In On Global X Blockchain & Bitcoin Strategy ETF

An institutional investor recently bought a new position in Global X Blockchain & Bitcoin Strategy ETF stock. Flow Traders U.S. LLC bought a new position in shares of Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,024 shares of the company’s stock, valued at approximately $394,000. Flow Traders U.S. LLC owned approximately 1.59% of Global X Blockchain & Bitcoin Strategy ETF at the end of the most recent quarter. Hedge funds and other institutional investors own 24.54% of the company’s stock.

Global X Blockchain & Bitcoin Strategy ETF Trading Up 1.6 %

BITS stock traded up $1.08 on Wednesday, hitting $68.88. The company’s stock had a trading volume of 1,757 shares, compared to its average volume of 7,541. The stock has a market cap of $33.75 million, a price-to-earnings ratio of -135.05 and a beta of 2.23. The firm has a 50 day moving average of $80.60 and a two-hundred day moving average of $74.21. Global X Blockchain & Bitcoin Strategy ETF has a 1 year low of $51.49 and a 1 year high of $106.93.

Global X Blockchain & Bitcoin Strategy ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, January 7th. Stockholders of record on Monday, December 30th were paid a dividend of $19.3361 per share. This is an increase from Global X Blockchain & Bitcoin Strategy ETF’s previous dividend of $0.38. The ex-dividend date of this dividend was Monday, December 30th. Global X Blockchain & Bitcoin Strategy ETF’s dividend payout ratio is -3,790.20%.

About Global X Blockchain & Bitcoin Strategy ETF

The Global X Blockchain & Bitcoin Strategy ETF (BITS) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund that aims to capture the long-term growth potential of blockchain companies and bitcoin futures. BITS was launched on Nov 15, 2021 and is managed by Global X.